Reliance (NYSE:RS) Price Target Raised to $421.00

Reliance (NYSE:RS) had its price target hoisted by KeyCorp from $418.00 to $421.00 in a research note published on Monday, Marketbeat.com reports. They currently have an overweight rating on the industrial products company’s stock.

A number of other analysts also recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Reliance from $398.00 to $390.00 and set a “neutral” rating for the company in a research report on Wednesday, September 9th. Wells Fargo & Company reduced their price target on shares of Reliance from $398.00 to $391.00 and set an “equal weight” rating on the stock in a research report on Monday, August 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Reliance in a research note on Thursday, August 13th. BMO Capital Markets boosted their price objective on shares of Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Finally, Zacks Research raised shares of Reliance from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Reliance currently has an average rating of “Hold” and an average price target of $380.33.

Reliance Stock Down 1.4%

RS opened at $396.03 on Monday. The stock has a market cap of $20.22 billion, a PE ratio of 23.03, a P/E/G ratio of 0.99 and a beta of 0.95. The company has a quick ratio of 2.27, a current ratio of 4.30 and a debt-to-equity ratio of 0.22. Reliance has a 52 week low of $260.31 and a 52 week high of $433.02. The business’s fifty day simple moving average is $399.72 and its 200 day simple moving average is $376.98.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share for the quarter, beating analysts’ consensus estimates of $5.47 by $0.80. Reliance had a return on equity of 12.51% and a net margin of 5.65%.The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the business posted $4.43 earnings per share. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, research analysts expect that Reliance will post 23.23 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 14th. Reliance’s payout ratio is 29.07%.

Insider Activity at Reliance

In related news, CFO Arthur Ajemyan sold 2,200 shares of Reliance stock in a transaction on Friday, July 31st. The shares were sold at an average price of $410.11, for a total value of $902,242.00. Following the transaction, the chief financial officer directly owned 14,640 shares of the company’s stock, valued at $6,004,010.40. The trade was a 13.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP William A. Smith II sold 2,353 shares of Reliance stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total transaction of $974,636.13. Following the completion of the transaction, the senior vice president directly owned 19,394 shares in the company, valued at approximately $8,033,188.74. The trade was a 10.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Reliance

Several institutional investors have recently added to or reduced their stakes in the company. XXEC Inc. purchased a new position in shares of Reliance in the second quarter valued at about $127,493,000. BlackRock Inc. purchased a new stake in shares of Reliance during the second quarter worth about $2,171,081,000. Bank of New York Mellon Corp bought a new stake in shares of Reliance in the second quarter worth about $176,913,000. William Blair Investment Management LLC purchased a new position in Reliance during the 2nd quarter valued at about $142,900,000. Finally, Corient Private Wealth LP purchased a new position in Reliance during the 2nd quarter valued at about $129,799,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.

More Reliance News

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance will release its third-quarter 2026 results after the market closes on October 21 and host an investor conference call on October 22. The event will give investors an update on demand, pricing, margins and the company’s outlook for the remainder of the year. Reliance Q3 2026 earnings announcement
• Neutral Sentiment: The earnings announcement itself contains no preliminary financial figures or guidance revisions. Reliance previously reported strong second-quarter results, including earnings above consensus and 26.5% year-over-year revenue growth, while guiding to third-quarter EPS of $6.40–$6.60. Investors will likely focus on whether the new results support that outlook.
• Neutral Sentiment: Reliance, Inc. remains North America’s largest metals service-center company, operating approximately 310 locations across 41 states and 10 countries. Its focus on small orders, quick delivery and value-added processing provides business diversification, but the upcoming report will be more important for determining the stock’s next direction.
• Negative Sentiment: Recent insider-trading data cited in the coverage shows six open-market sales and no purchases by insiders over the past six months. The sales are relatively modest compared with the company’s market value, but the absence of insider buying may weigh on sentiment, particularly while the stock trades near its highs and ahead of earnings.

Reliance Company Profile

Reliance, operating as Reliance Steel & Aluminum Co (NYSE: RS), is a diversified metals service center company. It distributes a broad range of metals, including carbon steel, stainless steel, aluminum, copper, brass, titanium and specialty steel products, serving manufacturers, fabricators, construction companies and other industrial customers.

The company provides value-added services designed to prepare metals for customer use. These services include cutting, leveling, slitting, sawing, machining, forming, coating, welding and other fabrication processes.